What is the Asian Development Bank?

The Asian Development Bank (ADB) is a regional development bank established in 1966 to promote economic growth and cooperation in the Asia-Pacific region. Headquartered in Manila, Philippines, ADB provides loans, technical assistance, grants, and equity investments to its member countries. Its main goal is to reduce poverty and improve the quality of life by supporting projects that foster sustainable economic development and social progress. ADB works closely with governments, the private sector, and other organizations to achieve its mission.